WASHINGTON, DC: The Executive Board of the International Monetary Fund (IMF) has approved a request by the Nepali authorities to extend the Extended Credit Facility (ECF) arrangement by two months, until July 11, 2026.

The extension is intended to allow sufficient time to complete the seventh and final review of the program.

The 38-month ECF arrangement was originally approved on January 12, 2022, with access of SDR 282.42 million, equivalent to 180 percent of Nepal’s quota.

Earlier, the arrangement was extended until January 11, 2026, along with a rephasing of disbursements without additional access.

It was later further extended until May 11, 2026, again without additional access.

The latest extension was approved by the IMF Executive Board on a lapse-of-time basis.